The two government-sponsored enterprises (GSEs) Freddie Mac and Fannie Mae have just entered into their thirteenth year of conservatorship, despite the fact that it was…
The Financial Stability Oversight Council (FSOC), a committee of federal financial regulators chaired by the Secretary of the Treasury, announced in July that it was going to…
The Financial Stability Oversight Council (FSOC), a committee of federal financial regulators created by the Dodd-Frank Act of 2010 and chaired by the secretary of the…
In February of this year, the Federal Housing Finance Agency (FHFA), regulator of Freddie Mac, Fannie Mae, and the eleven Federal Home Loan Banks (FHLBs), put out a request…
My third, and final, paper demystifying the single-family mortgage credit risk transfer (CRT) program of the government sponsored enterprises (GSEs) Fannie Mae and Freddie…
As the economic impact of the pandemic continues, one of the biggest issues to emerge in housing finance is the availability of mortgages. Media reporting and policy…
On Wednesday, May 20 the Federal Housing Finance Agency (FHFA), the regulator of Freddie Mac and Fannie Mae, the two government-sponsored enterprises (GSEs), issued a…
We are in the midst of a war between the government, companies, and not-for-profit organizations against the sharp economic downturn caused by the coronavirus pandemic. As a…
4/16/20 – This version of the blog has been updated to reflect that there are policy requirements in the Ginnie Mae program to finance servicer advances.
There is a very…
As I wrote last week, in America’s Housing Finance System in the Pandemic: Ten Stress Points to Watch, several components of the country’s $10 trillion-plus mortgage system…
